St. Peter Alumacraft Sold 21 Jan 12

The City of St. Peter’s Alumacraft Boat Company has been sold to a New York private equity firm. Alumacraft employs about 200 people at it’s manufacturing facility in St. Peter. The company has been making boats and canoes since 1946. The terms of it’s sale to Corinthian Capital Group have not been disclosed, but no significant changes are expected at the St. Peter facility.